Nozomi Energy secures non‑recourse financing from Aozora Bank for the 50 MW Nozu battery storage project in Japan
Type: Financing · Technology: Storage · Country: Japan · Capacity: 50 MW · Announced: 2026-09-14
Nozomi Energy achieved financial close on the 50 MW / 196 MWh Nozu battery energy storage project after securing non‑recourse project financing from Aozora Bank. The BESS facility is situated in Nishihata, Nozu Town, Usuki City, Oita Prefecture, and was awarded a capacity payment contract under Japan’s FY2023 Long‑Term Decarbonisation Auction. Construction is slated to start soon with completion targeted for the third quarter of 2028, providing a 20‑year CPI‑linked revenue stream. The financing underscores Nozomi Energy’s rapid expansion in Japan’s flexible infrastructure market and demonstrates Actis’s backing of its portfolio, which now totals roughly 900 MW of renewable and storage assets. The deal highlights Aozora Bank’s role in supporting complex renewable projects through non‑recourse structures.
Counterparties
- Actis (Parent Company)
- Nozomi Energy (Borrower)
- Aozora Bank (Lender)
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